Gilead Stock Forecast
Gilead stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Gilead stock price fell by -0.275% on the last day (Thursday, 2nd May 2024) from $65.51 to $65.33. During the last trading day the stock fluctuated 1.40% from a day low at $64.89 to a day high of $65.80. The price has risen in 7 of the last 10 days but is still down by -1.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 5 million shares were bought and sold for approximately $346.26 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $64.89 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.81% during the next 3 months and, with a 90% probability hold a price between $57.23 and $62.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GILD Signals & Forecast
There are mixed signals in the stock today. The Gilead stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $65.68 and $69.52. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.199%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Gilead stock
Gilead finds support from accumulated volume at $65.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.91 (1.40%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $61.18 (-6.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (GILD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Gilead Sciences to open at $65.34, and during the day (based on 14 day Average True Range), to move between $64.18 and $66.48, which gives a possible trading interval of +/-$1.15 (+/-1.75%) up or down from last closing price. If Gilead Sciences takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $65.27 (0.09%) than the resistance at $71.58 (9.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gilead Sciences stock A Buy?
Gilead holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.524 Hold/Accumulate Upgraded
Predicted Opening Price for Gilead Sciences of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $65.34 ( 0.0153%) | $65.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GILD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.25 | 1.41 % | |
| R2 | 65.90 | 0.88 % | ||
| R1 | 65.69 | 0.547 % | ||
| Current price: | 65.33 | |||
| Support | S1 | 64.99 | -0.517 % | |
| S2 | 64.78 | -0.85 % | ||
| S3 | 64.43 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.42 | 13.91 % | |
| R2 | 73.69 | 12.80 % | ||
| R1 | 71.58 | 9.57 % | ||
| Current price | 65.33 | |||
| Support | S1 | 65.27 | -0.0918% | |
| S2 | 65.20 | -0.199% | ||
| S3 | 0 | . |
GILD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 14, 2024 | Jun 27, 2024 | $0.770 | 1.18% |
| 2 | Feb 06, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.770 | 1.05% |
| 3 | Nov 01, 2023 | Dec 14, 2023 | Dec 28, 2023 | $0.750 | 0.92% |
| 4 | Aug 03, 2023 | Sep 14, 2023 | Sep 28, 2023 | $0.750 | 0.99% |
| 5 | Apr 25, 2023 | Jun 14, 2023 | Jun 29, 2023 | $0.750 | 0.99% |
FAQ
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